Profit took a 20% drop this year for Rio Algom Ltd., due to its write- off of the East Kemptvillte tin project. For the year ended Dec 31, Rio posted a final consolidated profit of $70.2 million or $1…
A $5.8-million plant is to be built to treat the 260,000 tons of arsenical gold concentrates stockpiled at the Snow Lake property of Nor- Acme Gold Mines in Manitoba. These grade 0.324 oz gold per ton…
An option to earn a 50% interest in the Bapst Twp. property owned by Fairfax Bay Resources in the Casa Berardi gold area in northwestern Quebec has been obtained by Yorbeau Resources. Yorbeau Presiden…
Penway Explorers reports it has an agreement to acquire 20 additional mining claims in the Red Lake area of Ontario. The company says to date no work has been done on these claims, but that it intends…
Well into the third month of the new year and still the pace of trading has not slackened. If anything it’s becoming even more hair- raising with records being shattered right left and centre. The com…
Favorable gold and silver drilling results have been reported by Teeshin Resources for its Dome Mountain project near Smithers, B.C. In Boulder zone one, the average grade of gold indicated was 0.44 o…
A second diamond drill has allowed X-Cal Resources to step up drilling on its Snowbird gold- antimony property in central British Columbia’s Omineca district. A detailed geophysical survey now in prog…
Chronically under-financed, Wharf Resources has struggled to maintain production at its Annie Creek gold mine near Lead, S.D. But the company appears to have turned the corner and with record precious…
Argentex Resource Exploration has received check assays for two holes completed on the company’s property in Puiseaux and Orvilliers twps., Que. Hole 87-49 cut three sections of 8 ft, 3.8 ft and 115.6…
Your editorial of Feb 9, “Where does CANMET go from here?” contains several innacuracies for which I would appreciate public correction. Firstly, I have never been commissioned to do a study of CANMET…
Vancouver-based ABM Gold Corp. is raising major financing in the United States for the further financing of four closely associated listed Canadian companies within its fold — Sonora Gold Corp., Gold…
With a healthy funding package in place, activity is continuing at a brisk pace with seven drills in operation at the Aldermac and Lac Dufault prospects held in joint venture with Toronto-listed Nuins…
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